the unemployment rate and the adverse labor supply effect of the pandemic is more pronounced than implied by the labor …

flow value of unemployment. …

This paper studies the predictability of long-term unemployment (LTU) and analyzes its main determinants using rich … unemployed. Applying our prediction algorithm over the unemployment spell, we show that dynamic selection into LTU explains at …. Finally, we evaluate the implications of our findings for the value of targeting unemployment policies and how these change …

This paper provides evidence on the behavior of reservation wages over the spell of unemployment using high … to 24 weeks, we find that self‐reported reservation wages decline at a modest rate over the spell of unemployment, with … point estimates ranging from 0.05 to 0.14 percent per week of unemployment. The decline in reservation wages is driven …

We study the macroeconomic effects of unemployment insurance (UI) benefit extensions in the United States at short and … initial durations are shorter have substantial effects on the unemployment rate and the number of people receiving UI. Through …

How does the asymmetry of labor market institutions affect the adjustment of a currency union to shocks? To answer this … and real wage rigidities. In our analysis, we focus on the differentials in inflation and unemployment between countries … inflation and unemployment differentials. Second, we find that asymmetries in labor market structures tend to increase the …